Question

Describe a situation in which having access to large amounts of information had a positive impact on your decision making.

Answer 1

Having access to large amounts of information always had a positive impact on decision making because without sufficient information we can not take right decision hence it is true that access to large amounts of information will positively affect our decision making.

Now let’s see a real case in which my decision making was positively affected by the large access to the financial information of the companies. Before some time I had to make an investment in the securities of any company because I had sufficient funds that time so I decided to make an investment in the securities of any company.

But that time I was looking for the maximum amount of financial information of the companies and I got the maximum & sufficient amount of financial information of some companies. I do analysis of those financial information of the companies like; past profits of the companies, past EPS of the companies, liquidity of the companies, market value of the companies, important ratios of the companies, balance sheet of the companies etc. So these sufficient amount of the companies helped me a lot in taking perfect decision regarding investment.

After all I made a good decision for choosing correct security for making investment because I analysed past and present results of the all companies and then I choosed correct security.

Thus I can say that I took such right decision with the help of large amounts of information of all companies and these available information provided a good ground for decision making regarding this investment.

So, finally it is true that access to large amounts of information always had a positive impact on decision making.